AUM Transfer is the process in which the AUM of a partner can be moved into Asset Plus.


As per new SEBI guidelines, the following is the centralized process for transferring the AUM, the below set of documents are to be submitted specific to each AMC.


  • Annexure 2 Application form for Transfer of AUM [To be submitted by Transferor Distributor]

  • Annexure 3 On Transferor MFD’s letterhead to RTA’s

  • Sample copies of the letter/email sent to the clients intimating about the proposed AUM transfer/change in ARN with the date of the communication. At least 5 sample email copies are required per AMC. 

  • List of investors to whom the intimation has been sent (along with their Folio nos. and PAN)


       

The transferor needs to send the above-mentioned documents to the below address:


Value plus Technologies

5th Floor, Central Square, B-21, Guindy Industrial Estate, 

SIDCO Industrial Estate, Guindy, Chennai - 600032

Tamil Nadu  

       

Once the documents are received, we'll verify them and then send them to the respective AMCs for processing.


The estimated time for the AUM transfer to be completed is 30-45 working days.


Note: 

1. The brokerage paid will be in accordance with the lower slab rate following the AUM transfer.

2. Two brokerage reports will be generated following the AUM Transfer, one for existing holdings and the other for transactions made after the transfer.